ProfitStars Ranked Number One Provider of Both Remote Deposit Capture and Branch Image Capture

Recent Celent Reports Rank ProfitStars as Market Share Leader for
Both Implementations and Merchant End-users

Monett, Mo., Nov. 30, 2010 – Jack Henry & Associates, Inc. (Nasdaq: JKHY), a leading provider of integrated technology solutions and data processing services for financial institutions, today announced its ProfitStars division has been recognized by Celent as the leading provider of remote deposit capture (RDC) and branch image capture solutions based on both the numbers of implementations and merchant end-users.

Two recently published Celent reports provide the first comprehensive look at ProfitStars’ RDC and branch image capture market share since the 2009 acquisition of Goldleaf Financial Solutions Inc. The Nov. 8 report, State of Remote Deposit Capture 2010: Unintended Consequences, identified ProfitStars as the market share leader in remote deposit capture based on financial institution implementations and licensed end-users. The Imaging in the Retail Channel 2010: A Second Wind for Teller Capture report, published Oct. 29, named ProfitStars as holding the largest share of branch image capture installations through both direct financial institution relationships and live licensed end-users.

RDC is an electronic payment processing platform that enables businesses to make remote deposits by scanning the checks they receive as payment and converting them into electronic transactions that are processed through the ACH or Check 21 image exchange networks. Branch capture images checks in designated branches and electronically processes items through the Check 21 network.

Bob Meara, senior analyst for Celent, said, “ProfitStars enjoys an industry leading market share based on the number of end-users supported in both branch/teller capture and commercial remote deposit capture market segments.”

ProfitStars is strategically positioned to support check processing needs across the entire spectrum of financial institutions with solutions that can be implemented in-house or as Software as a Service (SaaS) applications. ProfitStars supports more than 1,500 financial institutions and 155,000 business sites with commercial remote deposit capture, and more than 2,250 financial institutions and 100,000 end-users with branch and teller image capture solutions.

According to David Foss, president of ProfitStars, “Our ranking in these reports clearly conveys our success in these two areas of our business. With a focused diversification approach, we have made strategic acquisitions to help ensure we provide any institution with a complete range of solutions that can ultimately enhance their financial performance and profitability. That, coupled with the continued demand for effective, performance-enhancing RDC and deposit automation solutions, has enabled us to sustain strong growth, increase our market share, and solidify our reputation as the leading provider of image capture solutions.”

ProfitStars maintains an online Remote Deposit Capture Knowledge Center to assist customers and prospects with achieving all of the benefits of remote deposit capture. The knowledge center is an educational resource for disseminating relevant and timely information to any financial institution wanting to begin, grow, or enhance its remote deposit offering while also creating awareness of the breadth and depth of ProfitStars’ comprehensive remote deposit and related solutions.

ProfitStars also recently launched a Branch Deposit Automation Online Knowledge Center to help financial institutions maximize the benefits of strategic image capture implementations at the teller line, the back counter, and through regional processing centers. It is intended to enable financial institutions to assess their own branch strategies, and then use the available informational tools to learn, adapt, and deploy best practices for their branch platforms.

About ProfitStars

ProfitStars, a division of Jack Henry & Associates, Inc., provides best-of-breed solutions that improve the performance of financial institutions of all asset sizes and charters, and diverse corporate entities. These solutions facilitate revenue and growth, risk mitigation and control, and cost control; and complement virtually any core information processing platform. Additional information is available at Technorati